Salzgitter (OTCMKTS:SZGPY) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Salzgitter (OTCMKTS:SZGPY) announced its quarterly earnings data on Monday. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.14, Zacks reports. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%.

Salzgitter Price Performance

Shares of OTCMKTS:SZGPY opened at $3.34 on Wednesday. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -3.88 and a beta of 1.50. Salzgitter has a 12 month low of $1.58 and a 12 month high of $4.09. The stock’s 50 day moving average price is $3.09 and its 200 day moving average price is $2.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BNP Paribas raised shares of Salzgitter to an “outperform” rating in a research report on Friday, October 3rd. Zacks Research raised Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Salzgitter has an average rating of “Hold”.

Salzgitter Company Profile

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.